China Merchants Bank awarded Best Private Bank in China in Wealth and Society in China at the inaugural Global Wealth and Society Awards 2018

• China Merchants Bank implemented “global asset allocation system” (GAAS) innovation that helps to drive AUM by 6.76%
• The bank is the largest commercial bank with global connective customer-centric service
• The bank expanded “family office” service towards legacy planning and family trust

Shanghai, November 28th 2018 - China Merchants Bank received the award Best Private Bank in Wealth and Society in China at The Global Wealth and Society Awards 2018. The award ceremony was held in conjunction with the Wealth and Society China 2018, at the Waldorf Astoria, Shanghai.

The London-based Global Wealth and Society Awards Programme seeks to recognise high and ultra-high net-worth individuals who use their wealth to bring about positive impacts on the society that they operate in, and the institutions that help them do so. Recipient of these awards underwent a stringent and comprehensive evaluation process, demonstrating the verve to deploy wealth in ways to bring about positive impacts on the society and at the same time make positive financial return on client investments.

Standing from left: Gordian Gaeta, Chairman, Wealth and Society; Representative from China Merchants Bank; Amy Tucker, Co-founder and CIO, Sparrow; Harley Seyedin, Winner of 2017 Oslo Business for Peace Award

China Merchants Bankimplemented “global asset allocation system” (GAAS) innovation that helps torise AUM by 6.76%

China Merchants Bank is the first private bank in the industry to launch the "localized" high-end client “global asset allocation system”, combined the development and characteristics of China's financial market to design the calculation logic and methods suitable for the Chinese market. With GAAS implementation, CMB had 71,776 private banking clients, representing an increase of 6.47% as compared with the end of the previous year; total assets under management from private banking clients amounted to RMB2, 034billion (USD293 billion), representing an increase of 6.76% as compared with the end of 2017.

The bank is the largest commercial bank with global connective customer-centric service

CMB took the lead in launching "global connected financial services" in response to the immediate needs of top customers for financial management. No matter where the client is in the world, as long as the client calls the exclusive senior manager of private bank, dictating the transaction demand, CMB will immediately call the background system and complete the transaction order as scheduled, so as not to let the client miss the invest opportunity. CMB established cross-border integrated service platform. By the end of 2017, the group of overseas private drillers reached 11,435, and the AUM reached USD 40,570 million.

The bank constantly expanded “family office” service towards legacy planning and family trust

In August 2012, CMB took the lead in launching the "family studio" service for ultra-high net worth clients, developing exclusive wealth planning service including maintenance of value, appreciation, wealth risk isolation and property distribution. In August 2013, further launched the "wealth inheritance family studio", which provide customized wealth protection and inheritance plans for ultra-high net worth families, and to provide customers with comprehensive financial solutions such as family trust, wealth inheritance, tax planning, legal consultation and insurance planning. In May 2013, the first "family wealth inheritance trust" in China was officially signed.

For specific details relating to description of the awards, evaluation criteria and process, kindly visit this page

For all Wealth and Society Awards 2018 photos, please visit this page

For media enquiries, please contact:

Ms. Moira Zhan
Marketing Executive
Tel: (+86) 10 58694670
mzhan@theasianbanker.com
www.wealthandsociety.com/